EBRD Chief discusses with Morocco officials green transition & support to economic growth

President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, starts this Wednesday a three-day working visit to Morocco for talks with government officials and leaders of the private sector and civil society.

Commenting her Moroccan trip, Ms.Renaud-Basso said the bank is committed to supporting Morocco’s economic growth, regional integration and green economy potential and fostering equality of opportunity, particularly with regard to addressing youth unemployment and gender issues.

In 2022, the EBRD stepped up its financial support in the country, investing €528 million, with record levels in the private sector and in support of Morocco’s green transition.

“We look forward to continuing to strengthen our partnership under a new country strategy to be finalized later this year, which will complement Morocco’s New Development Model,” added the Bank’s Chief.

Morocco is a founding member of the EBRD and became an investee economy in 2012. To date, the Bank has invested more than €4 billion in Morocco through 94 projects and has three offices there, in Casablanca, Tangier and Agadir.